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dbueche
New Member

Cannot Edit Beginning of Year Capital in TurboTax Business

While entering data for each partner in our LLC, TurboTax Business asks for percentage of profits, losses, and ownership for the previous year and current year.  It then asks for the beginning capital, amounts contributed (cash & other) and amounts distributed (cash & other) for the current year.

 

However, if you perform another edit on a partner for which this data has been entered, the beginning capital field is missing, and you are only able to edit cash/other contributed or distributed.

 

If you are clever, you will realize that you can go into Forms view, open the Sch K-1 Wks (worksheet) and enter the date there manually, but this is still a bug and TurboTax Business should not eliminate the field on edits.

 

I also found that once I was further into the return at one point, I couldn't even get back to any of the edit screens except for the shareholder address screen.  I saved this return off and started over in order to perform edits on the partner percentage edit screens before discovering the Forms approach.  This should be helpful in sharing a screen with TurboTax to show them I can reproduce the bug.

 

Has anyone else encountered this problem?

 

Again, I am running TurboTax Business 2022, Module WinBizRelease,  Version 022-000-0340, and the TurboTax.exe version is 2022.47.20.45

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